Give ‘one chance' to two students who tampered with marks: HC to NMIMS
"What has happened, has happened. It shouldn't have happened... Consider from a reformative aspect," said Justices Makarand Karnik and Nitin Borkar.
The students, aged 23 and 25, hailing from Haryana and Delhi, were enrolled with NMIMS's School of Business Management for 2024-26 integrated MBA course with six semesters. The second semester exams were held in Jan. In March, the answer sheets of the corporate finance paper were distributed to verify the assessment.
The petitioners and another student tampered with the marks "to depict that they had received a high score".
On March 20 they were asked to remain present. They tendered handwritten apologies. On March 24 they were barred from appearing for the third semester exams on March 25 and informed by email that their admissions were cancelled for the entire year. "The action taken was impulsive, spur of the moment decision motivated by the dwindling prospects of securing a good job and societal pressure to perform well at all times," the petitions stated, adding in any event it would not affect their passing the present academic year.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning...
Blinkist: Warren Buffett's Reading List
Click Here
Undo
They are ineligible for promotion to the second year and are required to restart the entire course again.
Senior advocate Ashish Kamat for NMIMS said one student who scored 8.5 out of 30 marks had added 1 before it and returned the paper. He said it was not impulsive behaviour and that the three students acted in concert. "As a college, I am obliged to maintain standards. These are future auditors and CAs of this country...
If this is to be condoned, then is this not cheating?" he asked.
Advocates Aneesa Cheema and Arshil Shah said their clients admit to interpolation of marks. Also, they have an impeccable record of academic achievements and urged that they be allowed to appear for the third semester re-exam beginning Wednesday.
The judges said the petitioners have learnt a lesson and have been through trauma since March. They do not find any fault in the college's action. "Otherwise they are good students. Can you not talk to your management?" Justice Karnik asked Kamat. The matter will be heard Wednesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
27 minutes ago
- Time of India
IndusInd Bank Q1 Results: Cons PAT falls 72% YoY to Rs 604 crore; NII down 14%
IndusInd Bank on Monday reported a 72% year-on-year fall in its consolidated net profit for the June quarter at Rs 604 crore, compared to Rs 2,171 crore in the year-ago period. The private lender's Net Interest Income (NII) in Q1FY26 stood at Rs 4,640 crore as compared to Rs 5,408 crore in Q1 FY25, declining 14%. The net interest margin (NIM) stood at 3.46% for Q1 FY26 as compared to 4.25% for Q1 FY25. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Data Analytics Degree Others Artificial Intelligence Leadership Project Management Digital Marketing Data Science MCA Management Operations Management MBA Finance Product Management Data Science CXO Cybersecurity healthcare PGDM others Healthcare Design Thinking Technology Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo The bank's net worth in the quarter under review stood at Rs 62,961 crores in Q1FY26 as compared to Rs 62,532 crores in Q1FY25. IndusInd Bank's revenue from fee and other income for the Q1FY26 stood at Rs 2,157 crore as compared to Q1FY25 at Rs 2,442 crore. More to come...
Time of India
28 minutes ago
- Time of India
Baghbari to be turned into agri market hub, says DM
1 2 Bhagalpur: The Bhagalpur district administration has drawn up a redevelopment plan to transform the defunct Baghbari premises at Aliganj, in the southern part of the city, into a modern Krishi Utpadan Bazar Samiti (KUBS). The initiative is aimed at streamlining agricultural marketing, ensuring fair trade practices and boosting the district's farming sector. On Monday, district magistrate Nawal Kishor Choudhary, along with officials from the agriculture department, building and bridge construction department and other district authorities, inspected the site and reviewed structural plans and modalities for the redevelopment. Choudhary said the project would be executed in phases. "The Baghbari premises at Aliganj will soon be redeveloped into a contemporary KUBS. In the first phase, Rs 89 crore will be spent on building access roads, warehouses for storing grains, vegetables, fruits, spices and other perishables," he said. The plan includes developing wholesale and retail shops, market yards, auction platforms and extensive storage facilities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brain tumor has left my son feeling miserable; please help! Donate For Health Donate Now Undo "Amenities such as canteens, lavatories, potable water, drainage and a solid waste management system will also be integrated to ensure smooth operations for farmers and other stakeholders," he added. The DM said the KUBS would not only support fair trade and timely market information but also help implement govt schemes and strengthen farmer cooperatives. A structural diagram has already been prepared and officials have been asked to initiate work to benefit the farming community.
Time of India
32 minutes ago
- Time of India
U.S. stock market futures rise as Dow, S&P 500 and Nasdaq gain on Trump–EU trade deal and Tesla surge ahead of crucial Fed week
U.S. stock futures climbed early Monday as Wall Street reacted positively to the newly announced trade deal between President Donald Trump and European Commission President Ursula von der Leyen. The agreement, revealed late Sunday, helped ease fears of a full-blown tariff war and gave investors a reason to push indexes higher at the start of a packed trading week. Futures for all three major indexes—the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite—rose between 0.2% and 0.5%. This momentum comes on the heels of Friday's market close, where both the S&P 500 and Nasdaq hit record highs, fueled by strong earnings and rate cut optimism. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare MBA Cybersecurity Project Management PGDM Leadership CXO Degree Digital Marketing Finance MCA Operations Management Public Policy Data Science healthcare Management Artificial Intelligence Design Thinking Data Science Product Management Technology Others others Data Analytics Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details The deal between the U.S. and EU represents a strategic pause in transatlantic trade tensions and offers a clearer, though still evolving, framework for future commerce. While details remain limited, the market welcomed the development as a sign of reduced geopolitical uncertainty heading into a crucial economic week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo Dow, S&P 500 and Nasdaq futures show early strength before market open All three major U.S. stock indices are in the green ahead of the opening bell: Dow Jones Industrial Average futures are up around 0.1% , gaining roughly 40 to 50 points. S&P 500 futures are rising 0.3% , signaling broad-based optimism across sectors. Nasdaq-100 futures are leading with gains of 0.5% to 0.6% , driven by renewed strength in tech and AI stocks. The upbeat tone comes after last week's record closes on the S&P and Nasdaq, and follows a volatile spring that saw fears over global tariffs and tech layoffs. Live Events Trump–EU trade deal brings tariff relief and investment pledges President Donald Trump announced a formal trade agreement with the European Union over the weekend, defusing tensions that had been building for months. The key elements of the deal include: 15% capped tariffs on most European imports into the U.S., down from threatened rates of 30%–50%. Up to $750 billion in EU investments committed toward U.S. infrastructure, defense, and technology. Large-scale energy and defense purchases , including LNG deals and weapons systems supplied by Lockheed Martin and RTX. This deal follows similar recent agreements with Japan, Indonesia, and the Philippines, suggesting the administration is shifting from confrontation to diplomacy—something Wall Street has welcomed with open arms. Major stock movers today: Tesla, Intel, Lockheed and Nike in focus Individual stocks are reacting strongly to both earnings news and fallout from the trade pact: Tesla (TSLA) shares are rallying on reports of a $16.5 billion AI chip agreement with Samsung, plus fresh buzz around robotaxi development. Intel (INTC) is down significantly after delivering weaker-than-expected earnings and announcing major job cuts. Lockheed Martin (LMT) and RTX are moving higher on the back of expected windfalls from new EU military orders. Nike (NKE) gained nearly 4% in early trading after receiving a bullish upgrade from J.P. Morgan, signaling renewed confidence in U.S. consumer demand. These moves reflect a market that is closely watching not just macroeconomic trends but also how global politics are shaping corporate performance. Global markets respond positively but cautiously to the trade news: The announcement led to a mild rally in global stock markets, as investors embraced the temporary calm. In Europe, key indexes like Germany's DAX and France's CAC 40 opened higher, reflecting relief that steeper U.S. tariffs were avoided. Meanwhile, the euro remained relatively stable against the U.S. dollar. In Asia, gains were more muted as markets waited for further clarity on U.S.–China trade negotiations. Still, the tone was generally upbeat, reflecting optimism that the U.S. may now be open to resolving multiple trade fronts without severe escalation. Federal reserve meeting to guide interest rate expectations: Another major event shaping investor sentiment this week is the Federal Reserve's two-day policy meeting, which concludes on Wednesday, July 30. While markets widely expect the Fed to hold interest rates steady, all eyes are on the language used in Chair Jerome Powell's post-meeting statement. With inflation still lingering above the Fed's 2% target and geopolitical tensions threatening supply chains, any shift in tone could reshape expectations for future rate cuts. A dovish stance could fuel further market gains, while a more hawkish message might pull equities back. The trade deal's potential inflationary effects—especially if tariffs raise import prices—will also weigh into the Fed's calculus. Key inflation and Labor market data will test market rally: Beyond tech earnings and the Fed, a series of crucial U.S. economic data releases will round out the week: PCE inflation (Thursday) – the Fed's preferred inflation gauge ADP private payrolls (Wednesday) – a preview of labor strength Initial jobless claims (Thursday) – to assess employment softness Non-farm payrolls and unemployment rate (Friday) – the headline labor report These indicators will provide insight into whether the U.S. economy can maintain its current pace amid rising costs, cooling demand, and ongoing tariff uncertainty. If data shows slowing momentum, investors may begin pricing in recession risks, especially in sectors like manufacturing and retail. U.S.–China trade negotiations also in spotlight this week: While the U.S.–EU deal has stolen headlines, another crucial front remains active: U.S.–China trade talks, currently underway in Sweden. Officials from both sides are reportedly making progress on resolving long-standing issues around intellectual property, subsidies, and high-tech exports. Importantly, there's a looming August 1 deadline, after which previously delayed tariffs could snap back into effect if no formal agreement is reached. A positive breakthrough could help sustain this week's bullish tone, while a breakdown may reignite global uncertainty. Market outlook remains cautiously optimistic despite risks: For now, the tone on Wall Street remains optimistic but cautious. With Trump's EU trade deal helping defuse immediate tensions, investors have welcomed the short-term clarity. However, the longer-term impact of even modest tariffs, especially when layered across multiple trade partners, could still weigh on global supply chains and corporate margins. The combination of: Big tech earnings Federal Reserve guidance Inflation and Labor data Ongoing global trade talks Will make this one of the most critical weeks for markets in recent memory. Investors will need to balance short-term momentum with long-term structural risks. Trade truce lifts sentiment, but key tests await: The new U.S.–EU trade framework has provided a relief rally for stock markets, lowering the risk of immediate escalation. But with so many open questions and potential flashpoints ahead, investors should remain nimble. While optimism reigns today, the coming days will reveal whether this trade truce becomes a stepping stone to stability—or simply a pause before the next storm. Broader market sentiment improves after volatile spring Just months ago, the market was in turmoil. Tariff announcements, tech layoffs, and geopolitical tensions created widespread fear across equities. But since early June, sentiment has improved dramatically: The S&P 500 and Nasdaq Composite both reached record highs last week, powered by AI enthusiasm and softer inflation data. The Dow Jones is within striking distance of its own all-time high, thanks to strength in industrials and financials. VIX volatility has returned to pre-2022 levels, reflecting calmer investor psychology. The Trump administration's pivot to diplomacy in trade matters, combined with resilient U.S. economic data, is giving bulls a reason to stay optimistic. What investors should watch for next To stay ahead in this market, here's what traders and investors should keep a close eye on: Mega-cap tech earnings : Microsoft, Apple, Amazon, and Meta all report this week, and their guidance will be critical for Nasdaq momentum. Any new trade headlines : Rumors of a pending U.S.–China deal are circulating, and confirmation could fuel another leg higher. Fed commentary : Will Powell strike a dovish or hawkish tone? Every word will matter to rate-sensitive sectors. Sector rotation : Watch for signs of money rotating out of tech and into value or cyclical names, depending on macro data surprises. Snapshot of today's U.S. market momentum Index or sector Futures move Driving force Dow Jones Futures +0.1% Trade optimism, defense and infrastructure buzz S&P 500 Futures +0.3% Broad strength across tech, industrials, consumer Nasdaq-100 Futures +0.5% to +0.6% Tesla-led rally, AI buzz, earnings anticipation Tesla (TSLA) +4% to +6% Robotaxi and Samsung chip partnership Intel (INTC) -7% to -10% Disappointing earnings and restructuring Lockheed / RTX +2% to +3% New defense contracts with EU nations Nike (NKE) +4% JPMorgan upgrade and strong U.S. consumer outlook Optimism returns, but volatility remains possible Today's gains in stock futures suggest a confident start to the week. The Trump–EU deal is helping ease global trade tensions, earnings optimism is building, and inflation is cooling—all of which support a bullish narrative. However, with the Federal Reserve and key economic data looming, traders should remain nimble. Surprises—good or bad—could jolt markets quickly. For now, though, the bulls are in control. FAQs: What is the Trump-EU trade deal about? It's a new agreement that adds 15% U.S. tariffs on EU goods but includes major energy and investment deals. How did the stock market react to the Trump-EU deal? Dow, S&P 500, and Nasdaq futures jumped as investors welcomed reduced trade tensions.
